Industrial Engineering and Production Management
Activity slack or float of any event on a PERT/CPM chart is represented by

Anyone of the above
Latest start time of succeeding event earliest finish time of preceding event activity time
Latest start time of the event earliest start time of the event
Latest finish time of event earliest finish time of the event

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Industrial Engineering and Production Management
The process capability of a machine is defined as the capability of the machine to

Holds a definite spectrum of tolerance and surface finish
Produce job at a definite spectrum of speed
Produces a definite volume of work per minute
Perform definite number of operations

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